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100   $a20150423d2015      u|         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 14$aThe Theory of New Classical Macroeconomics $eA Positive Critique /$fby Peter Galbács
205   $a1st ed. 2015.
210  1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2015.
215   $a1 online resource (386 p.)
225 1 $aContributions to Economics,$x1431-1933
300   $aDescription based upon print version of record.
311   $a3-319-17577-7 
320   $aIncludes bibliographical references.
327   $aMethodological Principles and an Epistemological Introduction -- The Rational Expectations Hypothesis as a Key Element of New Classical Macroeconomics -- The World View of New Classical Macroeconomics -- Monetary Policy in the New Classical Framework -- Fiscal Policy and New Classical Macroeconomics -- Economic Policy Consequences.
330   $aThis book examines new classical macroeconomics from a comparative and critical point of view that confronts the original texts and later comments as a first dimension of comparison. The second dimension appears in a historical context, since none of the new classical doctrines can be analyzed ignoring the parallelism and discrepancies with the theory of Keynes, Friedman or Phelps. Radicalism of new classical macroeconomics has brought fundamental changes in economic thought, but the doctrines got vulgarized and distorted thanks to the mass of followers. Nowadays, economic theory and policy, trying to find their ways, have a less clear relationship than ever. Therefore, this volume is aimed at mapping and reconsidering the policy instruments and transmission mechanisms offered by the new classicals. Its central question points to the real nature of new classical macroeconomics: what consequences are grounded by the assumptions new classicals used. Moreover, issues raised by automatic fiscal stabilizers and fiscal reforms are analyzed as well, even if they were out of the range of classical texts. The book draws a picture of new classical macroeconomics stressing the analogies with Keynesian countercyclical policies, instead of the discrepancies commonly held.
410  0$aContributions to Economics,$x1431-1933
606   $aMacroeconomics
606   $aEconomic history
606   $aEconomic theory
606   $aEconomic policy
606   $aPhilosophy and science
606   $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000
606   $aHistory of Economic Thought/Methodology$3https://scigraph.springernature.com/ontologies/product-market-codes/W28000
606   $aEconomic Theory/Quantitative Economics/Mathematical Methods$3https://scigraph.springernature.com/ontologies/product-market-codes/W29000
606   $aEconomic Policy$3https://scigraph.springernature.com/ontologies/product-market-codes/W34010
606   $aPhilosophy of Science$3https://scigraph.springernature.com/ontologies/product-market-codes/E34000
615  0$aMacroeconomics.
615  0$aEconomic history.
615  0$aEconomic theory.
615  0$aEconomic policy.
615  0$aPhilosophy and science.
615 14$aMacroeconomics/Monetary Economics//Financial Economics.
615 24$aHistory of Economic Thought/Methodology.
615 24$aEconomic Theory/Quantitative Economics/Mathematical Methods.
615 24$aEconomic Policy.
615 24$aPhilosophy of Science.
676   $a330
676   $a330.1
676   $a338.9
676   $a339
676   $a501
700   $aGalbács$b Peter$4aut$4http://id.loc.gov/vocabulary/relators/aut$01064006
906   $aBOOK
912   $a9910298515403321
996   $aThe Theory of New Classical Macroeconomics$92535886
997   $aUNINA